HeartCore Enterprises (NASDAQ:HTCR) Lowered to “Hold” Rating by Zacks Research

Zacks Research lowered shares of HeartCore Enterprises (NASDAQ:HTCR) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of HeartCore Enterprises in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, HeartCore Enterprises has a consensus rating of “Reduce”.

HeartCore Enterprises Stock Performance

NASDAQ HTCR opened at $0.83 on Monday. The business’s 50 day moving average price is $0.87 and its 200-day moving average price is $0.66. The company has a market cap of $19.35 million, a P/E ratio of -82.92 and a beta of 1.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 1.26. HeartCore Enterprises has a fifty-two week low of $0.39 and a fifty-two week high of $3.38.

HeartCore Enterprises (NASDAQ:HTCR) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $4.70 million for the quarter, compared to the consensus estimate of $5.27 million. HeartCore Enterprises had a positive return on equity of 141.93% and a negative net margin of 0.62%. Sell-side analysts predict that HeartCore Enterprises will post 0.39 earnings per share for the current year.

HeartCore Enterprises Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 10th will be issued a $0.13 dividend. The ex-dividend date is Monday, November 10th.

Institutional Investors Weigh In On HeartCore Enterprises

An institutional investor recently raised its position in HeartCore Enterprises stock. CreativeOne Wealth LLC grew its position in HeartCore Enterprises, Inc. (NASDAQ:HTCR) by 330.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,743 shares of the company’s stock after buying an additional 141,843 shares during the quarter. CreativeOne Wealth LLC owned 0.84% of HeartCore Enterprises worth $139,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.71% of the company’s stock.

HeartCore Enterprises Company Profile

HeartCore Enterprises, Inc, a software development company, provides Software as a Service solutions to enterprise customers in Japan and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement.